[(1) Where the [appropriate regulator] receives a section 178 notice, it must—
(a) determine whether to approve the acquisition to which it relates unconditionally; or
(b) propose to—
(i) approve the acquisition subject to conditions (see section 187); or
(ii) object to the acquisition.
(2) The [appropriate regulator] must—
(a) consider the suitability of the section 178 notice-giver and the financial soundness of the acquisition in order to ensure the sound and prudent management of the UK authorised person;
(b) have regard to the likely influence that the section 178 notice-giver will have on the UK authorised person; and
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